WF Holding prices $18M registered direct offering at $1.50

KUALA LUMPUR - WF Holding Limited, a Malaysia-based manufacturer of fiberglass reinforced plastic products, has announced a registered direct offering of 12 million ordinary shares and 12 million warrants. The shares will be sold at $1.50 each, while the warrants will be exercisable at the same price upon issuance, with each warrant allowing the holder to acquire up to nine shares.

The offering is expected to raise approximately $18 million before deducting fees and expenses. Investors will have a 30-day window to purchase up to $18 million worth of securities at the same terms. Univest Securities, LLC is handling the placement. The offering, which becomes effective on June 10, 2026, is set to close on or about Thursday, subject to customary conditions.